Posted on 07/07/2015 11:18:21 AM PDT by Perseverando
[$3.2 trillion wiped from the value of Chinese shares in just three weeks]
Wow. 1/3 of the first part of U.S. debt in only 3 weeks. Wow.
Gold took a big dump today. I wonder if the Chinese sold some of their gold to fund their markets, or at least the Chinese have probably stopped buying gold allowing the western central banks to do their paper shorts unabated.
A stock market crash there has seen $3.2 trillion wiped from the value of Chinese shares in just three weeksSoon, the news will be how the Chinese are dumping the US dollar and debt, and moving into a new reserve currency, thus destroying the US economy. (snicker)
While a nation may ban the short-selling of a particular stock I'm not sure it's really possible to ban the short-selling of an entire economy. It would be like trying to ban pessimism.
ZeroHedge has some interesting articles today.
The Chinese people’s low level of experience with stock markets is a big problem. They aren’t used to riding out “adjustments”. Like most neophytes, they end up selling at the lowest point due to panic.
Short selling is actually good for the stock market. It provides buyers during times when prices are falling.
Idiots.
I have heard zero about this Chinese Market Meltdown. The numbers are stratospheric, hard for the average person to conceive of.
I haven’t been following them either, but that’s about to change.
Communist Stock Market is an oxymoron.
I have this image of chinese salarymen leaving their office buildings in a hurry, scrambling out to the sidewalk, walking fastly around their buildings, the going back inside.....
Lead story on Drudge at the moment: JACK MA STOCK SWEAT
Here’s the story when I click on the link:
Alibaba to JD.Com Plunge as Investors Flee From All Things China - http://www.bloomberg.com/news/articles/2015-07-07/china-slump-spreads-as-alibaba-sinks-adrs-approach-bear-market
Usually the media never says anything but positive about the Chinese economy.
China needs a good old-fashioned bubble bursting. Gotta teach all those new investors what risk tastes like.
The DOW is up 75. Money must be moving this way a little.
Pass the popcorn. U.S. media will try to ignore this as much as possible to protect the Dems & Obama.
Chinese Chaos worse than Greece? Who’s ever heard of a Greek named Chao?
I am not up on these nation to nation loans but could the Chinese suddenly call in the trillions of dollars in loans to the U.S.
Some freepers will know
Could they... would they?
Congress should authorize the U.S. mint to strike a single coin
with the face value of eleventy-mega-trillion dollars
and then have it sent it to the chinese and ask for change back.
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